Currently, America cannot build its way out of its housing crisis. Fact is, according to a recent study, extra housing just isn’t necessary. There is enough to satisfy the needs of the American population as a whole.
Other countries might take heed of this study. With a supposed scarcity of housing, any population might be eager to see government financial support directed to any home building, based upon ‘trickle down’ theory.
Build more anything, even luxury housing, and the supposed workings of a free market will lower the excessive prices of housing to sooner or later free up housing even the poorest can afford. Too bad, if it ever worked this way. These days the enthusiasm for housing as an investment, empty or not, seems to have turned ‘trickling down’ to accommodate the poorest into ‘gobbling up’ by profit-seeking investors1.
Read more about how a country can seemingly need more housing when stats clearly show it has enough, in PHYS.Org: Study finds US does not have housing shortage, but shortage of affordable housing
